THE IMPACT OF R&amp;D ON THE SINGAPORE ECONOMY: AN EMPIRICAL EVALUATION

Ho, Yuen Ping; Wong, Poh Kam; Toh, Mun Heng

doi:10.1142/s0217590809003239

Cited by 22 publications

(8 citation statements)

References 27 publications

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“…There are also studies using macroeconomic data which focus on newly industrialized countries such as Singapore where R&D expenditures were low some time ago, and then increased rapidly in the recent years. Ho et al (2009) established a long-term equilibrium relation between R&D investments and Total Factor Productivity (TFP) for 20 years in Singapore. When compared with other OECD countries, the authors conclude that the country needs to increase domestic R&D activity.…”

Section: Literature Reviewmentioning

confidence: 99%

Do business and public sector research and development expenditures contribute to economic growth in Central and Eastern European Countries? A dynamic panel estimation

et al. 2014

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This paper examines the impact of R&D expenditures in business and private sector on economic growth in Central and Eastern European Countries over the period 1998-2008. Using a Generalised Method of Moments estimator, we find that business R&D has a high and stable contribution to economic growth. Public R&D has no effect on growth but does not crowd out private activity. The paper also finds that part of the business R&D effect is accounted for by human capital. The results remain robust after considering macroeconomic control variables.

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Section: Literature Reviewmentioning

confidence: 99%

Do business and public sector research and development expenditures contribute to economic growth in Central and Eastern European Countries? A dynamic panel estimation

et al. 2014

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“…The technology development and diffusion has been found to be a key factor for the economic performance of the countries. There is a strong positive impact of the domestic R&D intensity and its efficient exploitation on the economic growth of a country and this may be generalized to countries even other than the advanced OECD nations (Ho et al 2005). Technology evaluation needs to be a regular phenomenon for competitiveness enhancement.…”

Section: Demand Conditionsmentioning

confidence: 99%

Managing Flexibility

2016

Flexible Systems Management

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The main objective of this series on Flexible Systems Management is to provide a rich collection of research as well as practice based contributions, from different contexts, that can serve as reference material in this upcoming area. Some of these books will be published in association with 'Global Institute of Flexible Systems Management'.It will help in cross-fertilizing ideas from different perspectives of flexibility so as to consolidate and enrich the paradigm of flexible systems management. The audience for the volumes under this series includes researchers, management students/teachers, and practitioners interested in exploring various facets of flexibility research and practice.The series features five types of books:• Post conference volumes containing peer reviewed high quality research papers around a theme and clustered in sub-themes that can act as good reference material. • Contributed thematic volumes based on invited papers from leading professionals, from academia as well practicing world, containing state of the art on an emerging theme. • Research monographs based on research work making a comprehensive contribution to the body of knowledge. • Books based on novel frameworks and methodologies covering new developments that are well tested and ready for wider application in research as well as practice.• Business practices and case-based books documenting flexibility practices, strategies, and systems in real life organizations.More information about this series at

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“…In estimating an aggregate Cobb-Douglas production function of Singapore, Ho et al (2005) faced serious multicollinearity problem because quantities of factor inputs were highly correlated. Multicollinearity would cause imprecise parameter estimates with large variance, and would magnify error in the data.…”

Section: Task 3: Estimating the Production Functionmentioning

confidence: 99%

An analysis of the Jobs Credit Scheme using a simple model

Tan

2012

Journal of Asian Public Policy

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We estimated the effect of the Jobs Credit Scheme (JCS) -a temporary wage subsidy programme -in protecting local workers from retrenchment using a one-period Cobb-Douglas production function under five scenarios of economic contractions in 2009: optimistic (−2%), actual (−3.1%), expected (−5%), pessimistic (−10%) and catastrophic (−20%). The JCS had a substitution effect that could save 32,000-50,000 local jobs, but would be less effective in serious economic contractions. Our model's prediction was biased upwards because of adjustment costs. The main effect of the programme was a wealth transfer to firm owners which could be inequitable. The deadweight loss at 1.62% of the programme cost was small. The alternative policy of simultaneously taxing foreign workers and transferring a lump sum to firms could achieve the same outcome with a smaller wealth transfer.

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THE IMPACT OF R&D ON THE SINGAPORE ECONOMY: AN EMPIRICAL EVALUATION

Cited by 22 publications

References 27 publications

Do business and public sector research and development expenditures contribute to economic growth in Central and Eastern European Countries? A dynamic panel estimation

Do business and public sector research and development expenditures contribute to economic growth in Central and Eastern European Countries? A dynamic panel estimation

Managing Flexibility

An analysis of the Jobs Credit Scheme using a simple model

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